#1 - Airbnb (NASDAQ:ABNB)
Airbnb (NASDAQ:ABNB) recently went public in one of the year’s most highly-awaited initial public offerings (IPOs). The online vacation rental marketplace was not spared the effects of the global pandemic. However, many investors felt that any disruption would be temporary. And as two vaccine candidates are now in the initial distribution phases, there is increasing hope that a return to travel is actually on the horizon.
When that happens, Airbnb will have an opportunity to put its first-mover advantage to work. The company has identifiable branding and strong gross margins. All it should need is customers to help launch the stock higher.
With all that said, investors should be very careful with ABNB stock as it is currently trading at over $160 per share. While betting against market bulls can be a fool’s errand, this may be a case of a stock soaring too high, too fast. ABNB stock is definitely worth keeping on your watch list and buying when the stock falls to a more appealing level.
About Airbnb
Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.
Read More - Current Price
- $162.20
- Consensus Rating
- Hold
- Ratings Breakdown
- 10 Buy Ratings, 18 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $149.19 (8.0% Downside)
